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Credit During the “Crunch” How to Thrive while others are trying to Survive!. Credit 101. 1. Past Delinquencies…. 35% of Credit Score. 2. Revolving Debt Ratio…. 30% of Credit Score. 3. Average Age of Credit File…. 15% of Credit Score. 4. Mix of Credit …. 10% of

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1 past delinquencies
1. Past Delinquencies…

35%

of

Credit Score

2 revolving debt ratio
2. Revolving Debt Ratio…

30%

of

Credit Score

4 mix of credit
4. Mix of Credit …

10%

of

Credit Score

5 inquiries
5. Inquiries…

10%

of

Credit Score

credit score components
Credit Score Components
  • Past Delinquencies
  • Debt Ratio
  • Average Age of File
  • Mix of Credit
  • Inquiries
fico score facts and fallacies
FICO score facts and fallacies
  • Closing my unused credit cards will improve my FICO score.
    •  True  False
  • My FICOcredit score should be the same at all 3 credit bureaus.
    •  True  False
  • When I get married, my credit report is merged with my spouse’s.
    •  True  False
  • Checking my own credit score will create an inquiry at the credit bureau, and that will lower my score.
    •  True  False
  • My annual household income is part of the calculation of my FICO score.
    •  True  False
slide10

Fair Credit Reporting Act Specifically States that

Every Item Reporting on a Credit Report MUST:

  • Reporting Timely Information
  • 100% Verifiable Information
  • 100% Accurate Information
slide11

Credit Store is not your typical Credit Repair company!

We:

1. Focus on Education

2. Assist in rebuilding

3. Provide a money back guarantee

slide12

Your Clients Credit is under ATTACK

Use a Professional to help them!